$DE Former leader pull back to 50 day
YTD AVWAP
Undercut into volume gap and rallied back
RSI held 40
Stochastic oversold
Not my style of trade with supply ahead, but longer holding period guys might want a look
$NIO is top of watch right now, showing a classic longer-term change of character.
The setup:
📈 Reclaiming the 200-day moving average on high relative volume.
🔄 Weekly MACD crossing bullish, signaling a longer term momentum shift.
🛑 Near-term hurdle: Just rejected off the anchored VWAP from the local high.
Watch for tighter price action for entry.
$SPX only job for the index is to hold the (potential) intraday low from Monday for today.
Watch for strong index move on above average volume (FTD) for next check in the bulls list
The constant inflows of puts will eventually cause a structural “buoy” for the market as dealers have to adjust their hedges.
Ignore this post if market flushes.. deal?
$SPOT recent relative strength after breaking its descending triangle
Mostly insulated from macro events over seas
Pulling back to high area of interest with volume node and AVWAP from lows
$D Dominion Energy
Electrical utilities are showing strength as a group.
Clean round bottom base forming, with price finding strong support at the 50-day SMA and the high-volume nodes just below.
Excellent confluence of indicators here. I’m looking to get long above and hold $63.
$UMAC hot drone theme into earnings tomorrow morning
Multiple month triangle breakout in progress depending on earnings/guidance
A test of highest volume ever AVWAP around $12 is an area of interest. If it doesn’t hold, a retest of the bottom of the wedge likely.